Fixed Income Investor Information

A Strong Financial Foundation

Manageable maturity schedule and strong credit ratings provide financial flexibility for fixed income investors.

Debt Maturity Profile
($ in Millions) 2019 2020 2021 2022 2023   2024 and Beyond     Total
PPL Capital Funding $0 $0 $0 $800 $600   $3,130     $4,530
PPL Electric Utilities 0 100 400 474 90   2,675     3,739
LG&E and KU Energy 0 475 250 0 0   0     725
Louisville Gas & Electric 434 0 98 0 0   1,293     1,824
Kentucky Utilities 96 500 0 0 13   1,733     2,342
WPD plc 0 0 500 0 638   648     1,786
WPD Operating Companies 0 191 0 0 893   4,665     5,748
Total $530 $1,266 $1,248 $1,274 $2,233   $14,143     $20,694
Current Credit Ratings

Current credit ratings as of Dec. 31, 2018

Senior Unsecured Ratings

Entity Moody's S&P
PPL Capital Funding, Inc. Baa2 BBB+
Western Power Distribution plc Baa3 BBB+
Western Power Distribution (East Midlands) plc Baa1 A-
Western Power Distribution (West Midlands) plc Baa1 A-
Western Power Distribution (South Wales) plc Baa1 A-
Western Power Distribution (South West) plc Baa1 A-
LG&E and KU Energy LLC Baa1 BBB+

Senior Secured Ratings

Entity Moody's S&P
Louisville Gas and Electric Company A1 A
Kentucky Utilities Company A1 A
PPL Electric Utilities Corporation A1 A
PPL Electric Utilities grid reliability in top 10 percent nationally

Figures for 2017 performance from the Institute of Electrical and Electronics Engineers (IEEE) show PPL in sixth place nationally among 93 utilities.

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LG&E and KU’s Solar Share Program celebrates major milestone

Construction begins on the first 500-kilowatt section of its new solar facility.

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2018 Sustainability Report

New report presents energy forward approach to climate change and risk management and presents a comprehensive record of PPL’s 2018 ESG performance.

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